USD/JPY 95.20 - 14 August 2009

USD/JPY Open 95.34 High 96.48 Low 94.89 Close 95.38

Dollar/Yen was unable to continue upward correctional scenario on Thursday. On the 1 hour chart the 95.25 support was tested, perhaps indicating that the upward adjustment has been completed and the long term decreasing trend continues. Short term signals are descending with targets towards 94.00. Immediate resistance is yesyerday's top at 96.50. The CCI indicator has crossed down the 100 line on the 1 hour chart, suggesting potential bearish impulse.

Technical resistance levels: 96.50 97.45 98.50

Technical support levels: 94.90 94.00 92.85

Trading range: 95.30 - 95.70

Trend: Downward

Sell at 95.20 SL 95.50 TP 94.80

Already made +31 pips profit on USD/JPY today from the following signal:

5:43 GMT+1 Sell USD/JPY at 95.20 SL 95.46 TP 94.70 exited at 8:38 GMT.

Total today +138, yesterday +55, as shown at www.zifx.com/performance.php